Senco Gold outgrows Titan and Kalyan in Q1FY27, yet trades at just 9x earnings
India's gold jewellery retailers posted strong Q1FY27 sales despite record prices near Rs 1.45 lakh/10g and a 15% import tax. Titan's domestic jewellery grew 39% and Kalyan 38%, but smallcap Senco Gold led with 60% growth. Titan added 33 net domestic stores to reach 1,227 outlets.
Indian gold jewellery retailers posted strong Q1FY27 sales despite record prices and higher import taxes. Titan's domestic jewellery grew 39%, Kalyan 38%, and smallcap Senco Gold 60%. Titan added 33 net domestic stores, reaching 1,227 outlets.